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b. I. Briefly explain the following diagram: (One mark) Figure 5: The double-dividend of efficient environmental policies Clean environment Marginal benefit, marginal cost Marginal abatement

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b. I. Briefly explain the following diagram: (One mark) Figure 5: The double-dividend of efficient environmental policies Clean environment Marginal benefit, marginal cost Marginal abatement cost given the use of second-best Marginal environment benefit Marginal abatement cost given the use MCz of first-best poides MC Pollution abatement

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